Step by Step to Be Wealthy – Discover The Power of Compound Interest
June 1st, 2010 Filed under: online wealth,Wealth Advisory,wealth builders,wealth strategies — Wealth Building Author
Money cannot buy you happiness, but it can buy something that make you a little bit happier.Thus, it is important you learn how to invest and start investing as young as possible. Why? For a $100 a month, you can lose more than $2 million if you wait.
Let me give you few examples.
1) If you save $100 per month, 12 months you got $1,200 for 40 years, you got $48k.
2) If you put $100 per month in bank that gives you 1% interest per year for 40 years, at the end you got $58k
3) If you invest $100 per month in something that gives you 3% interest per year for 40 years, at the end you got $92k.
4) If you invest $100 per month in something that gives 10% interest per year for 40 years, at the end you got $632k.
5) If you invest $100 per month in something that gives you 15% interest per year for 40 years, at the end of 40 years you got $3.1 million. Now guess? What happen if you delay for 10 years?
6) If you delay for10 years and invest $100 per month in something that gives you 15% interest per year for 30 years, at the end you get $693,625. In short, you just lost more than $2 millions dollar for the delay. Why delay, Start TODAY!
The common excuse is I do not have enough money. So, you can
1) Start putting at least $1 in your Financial Freedom Account.
2) Create additional source of income.
Explore your capabilities, get another job or make money online.
If you want to make money online, visit http://www.StepbyStepToBeWealthy.info
